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DRESDNER DECLINES COMMENT ON SCRIP SHARE REPORT
| A Dresdner Bank AG <DRSD.F> spokesman
said the bank had no comment on newspaper reports that
shareholders would be offered free subscription shares.
Dresdner shares surged to open 10.50 marks higher at
319.50, before climbing further. Other bank stocks also rose
strongly and dealers cited speculation... | Corporate News |
U.K. LONGER CYCLICAL INDICATOR RISES IN FEBRUARY
| The U.K. Longer leading cyclical
indicator rose in February by 5.8 pct after January's 1.9 pct
rise, figures from the Central Statistical Office show.
The indicator, base 1980, which shows trends in the economy
12 months ahead, was put at 108.7 in February compared with
102.7 in January and 99.5 in Febr... | Corporate News |
AUSTRALIAN WHEAT AREA TO FALL, FORECASTER SAYS
| Australian wheat plantings are
forecast to fall to 10.40 mln hectares in 1987/88 from 11.72
mln sown in 1986/87, Australian Wheat Forecasters Pty Ltd (AWF)
said in its first preliminary crop forecast.
But there was no reason to expect Australian production in
1987/88 would be less than the 16.5 mln tonn... | Financial Reports |
PITTWAY CORP <PRY> 4TH QTR NET
| Shr 1.35 dlrs vs two dlrs
Net 6,195,000 vs 9,202,000
Sales 157.5 mln vs 151.6 mln
Year
Shr 6.02 dlrs vs 6.78 dlrs
Net 27,608,000 vs 31,117,000
Sales 585.7 mln vs 541.3 mln
| Other |
FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
|
FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
| Corporate News |
U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
| The Bank of England said it revised down
its forecast of the deficit in the money market today to 750
mln stg from 800 mln.
| Financial Reports |
JAPAN LONG-TERM PRIME SEEN CUT TO RECORD LOW SOON
| Japan's long-term banks will soon cut
their prime rate, now at a record low 5.5 pct, by 0.2 or 0.3
percentage point in response to falling secondary market yields
on their five-year debentures, long-term bankers said.
The long-term prime rate is customarily set 0.9 percentage
point above the coupon on f... | Corporate News |
YEUTTER SEES U.S., JAPAN VERGING ON TRADE CONFLICT
| The United States and Japan
are on the brink of serious conflict on trade, especially over
semiconductors, Japanese unwillingness for public bodies to buy
U.S. Super-computers, and barriers to U.S. Firms seeking to
participate in the eight billion dlr Kansai airport project,
U.S. Trade Representative Clayto... | Corporate News |
IRAN SAYS IT INTENDS NO THREAT TO GULF SHIPPING
| Iran said reports that it intended to
threaten shipping in the Gulf were baseless, and warned the
U.S. And other countries not to interfere in the region.
Tehran radio, monitored by the BBC, quoted a Foreign
Ministry spokesman as saying any attempt at interference would
be met by "a strong response from... | Other |
BAKER DENIES DOLLAR TARGET EXISTS
| U.S. Treasury Secretary James Baker
again said the meeting of six major industrial nations in Paris
last month did not establish a target exchange rate for the
dollar.
Baker said in a television interview aired here yesterday:
"We don't have a target for the dollar." He declined to comment
on what mig... | Corporate News |
FRENCH INDUSTRIAL PRODUCTION FALLS IN JANUARY
| French industrial production fell a
seasonally adjusted 1.98 pct in January after revised unchanged
output in December, the National Statistics Institute (INSEE)
said.
The figure, which excludes construction and public works,
put the January index, base 1980, at 99 after 101 in December.
January outpu... | Corporate News |
GOOD DEMAND FOR COLOMBIANS ON BREMEN MARKET
| The Bremen green coffee market attracted
good buying interest for Colombian coffee last week, while
Brazils were almost neglected, trade sources said.
Buyers were awaiting the opening of Brazil's export
registrations for May shipment, which could affect prices for
similar qualities, they said.
Col... | Corporate News |
U.K. MONEY MARKET GIVEN 97 MLN STG ASSISTANCE
| The Bank of England said it provided the
money market with help of 97 mln stg in the morning session.
This compares with the Bank's revised estimate of a 750 mln
stg shortage in the system today.
The central bank bought bank bills outright comprising 12
mln stg in band one at 9-7/8 pct and 85 mln st... | Corporate News |
IRANIAN TANKER ATTACKED OVER WEEKEND - LLOYDS
| The Iranian steam tanker Avaj, 316,379
tonnes dw, was attacked and hit at 1715 hours on March 21,
Lloyds Shipping Intelligence service reported.
One person was killed. The tanker is owned by the National
Iranian Tanker Co.
| Financial Reports |
NEXT WORLD TRADE NEGOTIATIONS MUST SUCCEED - NZ
| Ministers from more than 20
nations were told by New Zealand that the next international
negotiations on liberalising trade would be the last this
century and the cost of failure could not be measured.
Trade minister Mike Moore told his colleagues at a
welcoming ceremony before two days of talks here th... | Financial Reports |
SWISS SIGHT DEPOSITS RISE 743.7 MLN FRANCS
| Sight deposits of commercial banks at
the Swiss National Bank rose 743.7 mln Swiss francs in the
second 10 days of March to 8.40 billion, the National Bank
said.
Foreign exchange reserves fell 392.1 mln francs to 33.55
billion.
Sight deposits are a major indicator of money market
liquidity in S... | Commodities and Trade |
PHILIPPINE LONG DISTANCE <PHI> YEAR NET
| Shr primary 95.30 pesos vs 29.71 pesos
Shr diluted 61.11 pesos vs 18.49 pesos
Qtly div 1.25 pesos vs 1.25 pesos
Net 1.9 billion vs 779 mln
Revs 6.1 billion vs 4.7 billion
NOTE: Full name Philippine Long Distance Telephone Co.
Figures quoted in Philippine Pesos.
Dividend payab... | Corporate News |
ARMTEK <ARM> TO SELL INDUSTRIAL TIRE UNIT
| Armtek Corp, previously the
Armstrong Rubber Co, said it agreed to sell its industrial tire
and assembly division to a Dyneer Corp <DYR> for an undisclosed
sum.
It said the agreement covers the division's tire production
facility in Clinton, Tenn., and its plants serving original
equipment and repl... | Financial Reports |
CASH CRISIS HITS UGANDAN COFFEE BOARD
| Uganda's state-run Coffee Marketing
Board (CMB) has been suffering a cash crisis for the past two
months due to a bottleneck in export shipments and
administrative delays in handling payments, trade sources said.
The CMB needs between 10 and 15 billion shillings (the
equivalent of seven to 10 mln dlrs) ... | Other |
GENERAL PARTNERS IN GENCORP <GY> PROXY FIGHT
| General Partners, the group tendering
for all GenCorp Inc shares at 100 dlrs each, said it has
started soliciting proxies against GenCorp's proposals to
increase its number of authorized shares outstanding, create a
board with staggered election dates and eliminate cumulative
voting.
The proposals are... | Financial Reports |
USAIR <U> CUTS PIEDMONT <PIE> SHARES SOUGHT
| USAir Group Inc said it has amended
its 69 dlr per share tender offer for shares of Piedmont
Aviation Inc to reduce the maximum number it will accept to
9,309,394. Previously it had sought all shares.
In a newspaper advertisement, USAir said the offer and
withdrawal rights have not been extended and wil... | Other |
NEW RUBBER PACT ADOPTED AT GENEVA CONFERENCE
| Producers and consumers representing
most of world trade in natural rubber adopted a new
International Natural Rubber Agreement (INRA) aimed at
stabilizing world prices over the next five years.
Negotiations for a new INRA, to succeed the present one
which runs out next October, began nearly two years a... | Market and Economy |
STUDY SAYS OIL PRICE FALL SPURS BANKRUPTCIES
| The sharp drop in world oil prices
the past year triggered a 60 pct increase in bankruptcies in
the country's oil states, according to a study released by the
American Petroleum Institute (API).
API said the Dunn and Bradstreet study found that business
failures rose nationally by 6.9 pct in 1986 over 1... | Other |
WORLD DEPENDENCY ON MIDEAST OIL SAID INEVITABLE
| The world's dependency on the Mideast
as the source for its petroleum is growing and nothing is going
to stop it, Donald K. McIvor, an Exxon Corp <XON> Director and
senior vice president told Reuters in an interview.
"Non-OPEC production will begin to decline and the gap
between demand and supply wil... | Financial Reports |
S. AFRICAN CONSUMER PRICE INFLATION RISES SLIGHTLY
| South African year-on-year consumer
price inflation rose slightly to 16.3 pct in February after
falling sharply to 16.1 pct in January from 18.1 pct in
December, Central Statistics Office figures show.
The monthly rise in the all items index (base 1980) was
1.09 pct to 251.0 in February after a 1.4 pct ... | Corporate News |
FINLAND FEBRUARY TRADE SURPLUS AT 641 MLN MARKKA
| Finland had a 641 mln markka trade
surplus in February following an 80 mln markka surplus in
January and a 614 mln surplus in February 1986, Customs Board
preliminary figures showed.
Exports in February were 6.38 billion markka and imports
5.74 billion compared with exports of 6.72 billion and imports
... | Corporate News |
WEST GERMAN BARLEY, RAPE AFFECTED BY WINTER KILL
| Winter kill has probably affected West
German winter barley and rapeseed to an above average degree
this season, West German grain trader Alfred C. Toepfer said in
its latest report.
It is too soon to assess the extent of the damage, but it
is likely that northern West German crops are particularly at
... | Corporate News |
N.Z. PORTS REOPEN, BUT FURTHER DISRUPTION LIKELY
| New Zealand ports reopened at 0730
hrs local time (1930 GMT March 22) after being closed since
March 19 because of a strike over pay claims by watersiders, a
Waterside Federation spokesman said.
But industrial action by other port workers is likely to
cause further disruption, Harbour Workers union secr... | Market and Economy |
<MICROTEL INC> MAKES ACQUISITION
| Microtel Inc said it has
completed the acquisition of <American Teledata Corp> and its
US Dial subsidiary, which provide long distance telephone
service in northeast Florida. Terms were not disclosed.
Microtel's shareholders include Norfolk Southern Corp
<NSC>, M/A-Com Inc <MAI>, Centel Corp &l... | Market and Economy |
JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
|
JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
| Market and Economy |
<AMERICAN VARIETY INTERNATIONAL INC> NINE MTHS
| March 31, 1986 end
Shr loss seven cts vs loss 11 cts
Net loss 76,888 vs profit 106,885
Revs 752,234 vs 922,036
| Commodities and Trade |
AMERICAN VARIETY ACQUISITION PACT TERMINATED
| <American Variety International
Inc> said its agreement to acquire <First National
Entertainment Corp> has been terminated because First National
was not able to fulfill terms of the agreement.
It said due to protracted negotiations with First National,
several American Variety divisions were inop... | Corporate News |
JAMESWAY <JMY> SETS SPLIT, HIGHER CASH PAYOUT
| Jamesway Corp said its board
declared a two for one stock split and increased the quarterly
cash dividend by 33 pct.
The company said the dividend on the pre-split shares was
increased to four cts from three cts.
It said both the split and the dividend are payable May 23
to holders of record April... | Financial Reports |
HARPER/ROW <HPR> GETS EXPRESSIONS OF INTEREST
| Harper and Row Publishers Inc said its
special committee of independent directors has received
expressions of interest from a considerable number of domestic
and foreign firms with respect to restructuring or acquisition
transactions with the company.
Winthrop Knowlton, chairman of special committee sai... | Financial Reports |
HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
|
HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
| Financial Reports |
FRUIT/LOOM <FTL> TO SELL UNIT FOR 145 MLN DLRS
| Fruit of the Loom Inc said it agreed to
sell its General Battery Corp subsidiary to Exide Corp for
about 145 mln dlrs in cash.
The proposed sale will complete Fruit of the Loom's
previously announced plan to divest itself of unrelated
businesses.
Proceeds from the proposed transaction are more tha... | Financial Reports |
CITYQUEST MAKES 120 MLN STG BID FOR WICKES
| <Cityquest Plc>, a newly formed company,
is making a recommended 120 mln stg offer for builders
merchants and DIY (do-it-yourself) company <Wickes Plc>, Wickes
said in a statement.
Undertakings to accept what is effectively a management
buyout have been accepted by holders of 88.9 pct of the share... | Financial Reports |
HUMANA INC <HUM> 2ND QTR FEB 28 NET
| Shr 44 cts vs 54 cts
Net 42.9 mln vs 53.7 mln
Revs 983.3 mln vs 858.8 mln
Six mths
Shr 85 cts vs 1.11 dlrs
Net 83.1 mln vs 109.8 mln
Revs 1.91 billion vs 1.66 billion
| Financial Reports |
WINCHELL'S DONUT <WDH> SETS INITIAL QUARTERLY
| Winchell's Donut Houses LP
said it has declared an initial quarterly dividend of 45 cts
per unit on Class A and Class B limited partnership units,
payable May 29 to holders of record March 31.
| Financial Reports |
TRITON GROUP LTD <TRRO> 4TH QTR JAN 31 NET
| Oper shr profit nil vs loss nil
Oper net profit 671,000 vs loss 138,000
Sales 104.3 mln vs 70.8 mln
Avg shrs 101.2 mln vs 66.8 mln
Year
Oper shr profit six cts vs profit five cts
Oper net profit 6,309,000 vs profit
5,144,000
Sales 349.8 mln vs 303.4 mln
Avg shrs 8... | Financial Reports |
NIGERIA CHANGES AUCTION RULES TO DEFEND NAIRA
| Nigeria's Central Bank has changed the
rules governing its foreign exchange auctions in what analysts
see as a means of defending the naira currency, which has
depreciated steadily.
The bank said in a statement that from April 2, banks
bidding for foreign exchange would have to pay at the rate they
of... | Financial Reports |
AAR CORP <AIR> 3RD QTR FEB 28 NET
| Shr 37 cts vs 32 cts
Net 3,892,000 vs 2,906,000
Sales 71.8 mln vs 64.5 mln
Nine mths
Shr 1.08 dlrs vs 91 cts
Net 10,946,000 vs 8,206,000
Sales 214.1 mln vs 179.4 mln
Avg Shrs 10.5 mln vs 9.1 mln
| Market and Economy |
GATT MEETING HEARS PLEA FOR AFRICAN DEBT RELIEF
| Debt among African
countries will continue to grow and their economies will remain
stifled unless developed countries lower their interest rates,
Nigerian Trade Minister Samaila Mamman said today.
He told an informal meeting of the General Agreement on
Tariffs and Trade the widening gap between industri... | Financial Reports |
JAPAN SAYS IT TRYING TO EXPAND DOMESTIC DEMAND
| Japan has assured a meeting
of trade ministers it is making every effort to expand domestic
demand and restructure its economy.
Japanese trade representative Tsomu Hata told an informal
General Agreement on Tariffs and Trade (GATT) meeting that, in
addition to demand boosting measures adopted last Septe... | Financial Reports |
SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
|
SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
| Corporate News |
WEST GERMAN SHIP SINKS OFF WEST AFRICA
| The West German-registered motor
vessel Stefan E. Sank off the West African coast early today
and one of its eight crew members was killed, a Spanish navy
spokesman said.
He said the captain of the Singapore-registered tanker Nord
Pacific reported in a radio message that he had picked up the
remaining... | Market and Economy |
U.K. MONEY MARKET GIVEN FURTHER 485 MLN STG HELP
| The Bank of England said it had given
the money market a further 485 mln stg assistance in the
afternoon session. This takes the Bank's total help so far
today to 582 mln stg and compares with its forecast of a 750
mln stg shortage in the system today.
The central bank bought bank bills outright compris... | Corporate News |
JAPAN IN LAST DITCH EFFORT TO SAVE CHIP PACT
| Japan has launched a last-ditch effort to
salvage its computer micro-chip pact with the United States -
sending a letter to top American policy makers setting out its
case and instructing its producers to cut output further.
"We must make our utmost effort to ward off any catastrophe,"
Ministry of Inter... | Industrial and Sector News |
AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
|
AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
| Financial Reports |
<ST . CLAIR PAINT AND WALLPAPER CORP> YEAR NET
| Shr 66 cts vs 55 cts
Net 2,422,000 vs 1,906,000
Revs 59.3 mln vs 47.4 mln
| Corporate News |
ALCO STANDARD <ASN> COMPLETES ACQUISITION
| Delta Business Systems Inc said
it has completed a previously-announced merger into Alco
Standard Corp.
Delta said it expects sales of about 30 mln dlrs for the
year ending in April.
| Corporate News |
RAINS PROMISE BOUNTIFUL CROPS IN ETHIOPIA
| Rain over wide areas has raised the
prospect of good food crops throughout Ethiopia, which suffered
a disastrous drought and famine two years ago.
Aweke Aynalem, head of the government's Agriculture
Development Department, told reporters prospects were good for
attaining the target of 250,000 tonnes of ... | Corporate News |
AMERICAN MOTORS <AMO> STATEMENT QUALIFIED
| American Motors Corp said its auditors
qualified the company's 1986 financial report.
The report was qualified due to uncertainties surrounding
the previously announced arbitration award against American
Motors' former subsidiary, AM General Corp. The award is being
contested.
The report was filed... | Corporate News |
ANACOMP <AAC> GETS FUNDS TO BUY DATAGRAPHIX
| Anacomp Inc said it
finalized the financing of its 128 mln dlrs purchase of
DatagraphiX Inc from General Dynamics Corp <GD>.
The financing, arranged by Drexel Burnham Lambert, consists
of 90 mln dlrs of bank financing, the private placement of 71
mln dlrs of senior subordinated notes and 25 mln dlrs ... | Commodities and Trade |
SUPERMARKETS GENERAL CORP <SGL> 4TH QTR JAN 31
| Oper shr 50 cts vs 52 cts
Oper net 19.2 mln vs 18.8 mln
Sales 1.43 billion vs 1.30 billion
Avg shrs 38.6 mln vs 36.0 mln
Year
Oper shr 1.65 dlrs vs 1.73 dlrs
Oper net 62.7 mln vs 61.8 mln
Sales 5.51 billion vs 4.96 billion
Avg shrs 38.1 mln vs 35.8 mln
NOTES: Sale... | Commodities and Trade |
ENERGY FACTORS <EFAC> TO BUY ALLIED <ALD> UNITS
| Energy Factors Inc said it has signed
an agreement to acquire GWF Power Systems Co and Combustion
Power Co Inc from Allied-Signal Inc for undisclosed terms.
The two Allied units operate and are developing
cogeneration projects and small petroleum-coke fueled power
plants.
| Other |
RYLAND GROUP INC <RYL> SETS QUARTERLY
| Qtly div 10 cts vs 10 cts prior
Pay April 30
Record April 15
| Commodities and Trade |
H.B. FULLER CO <FULL> 1ST QTR FEB 28 NET
| Shr 38 cts vs 30 cts
Net 3,649,000 vs 2,789,000
Sales 137.4 mln vs 119.2 mln
| Commodities and Trade |
MARKET LOAN COULD BE PINNED TO U.S. TRADE BILL
| Sen. David Pryor, D-Ark., said
he was considering amending the Senate Finance Committee's
trade bill with a provision to require a marketing loan for
soybeans, corn and wheat.
Pryor told the Futures Industry Association that there was
great reluctance among members of the Senate Agriculture
Committee ... | Commodities and Trade |
COOPER DEVELOPMENT CO <BUGS> 1ST QTR JAN 31 NET
| Shr profit seven cts vs loss 16 cts
Net profit 2,144,000 vs loss 4,110,000
Sales 121.3 mln vs 20.3 mln
Avg shrs 29.4 mln vs 25.3 mln
NOTE: Current year net includes pretax gain on sale of
product line of 11.4 mln dlrs and charge 4,711,000 dlrs posttax
on expensing of a portion of unamorize... | Financial Reports |
CITIZENS GROWTH <CITGS> OMITS QUARTERLY DIVIDEND
| Citizens Growth Properties said
it ommitted its regular quartelry dividend as a result of
decreased earnings, principally attributable to the default by
a borrower of the trust's laargest mortgage loan.
The trust last paid 12 cts on January 28.
The trust said it also reaffirmed a limited share
rep... | Financial Reports |
PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
|
PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
| Corporate News |
PETROLITE CORP <PLIT> SETS PAYOUT
| Qtly dividend 28 cts vs 28 cts
Pay April 24
Record April 10
| Financial Reports |
DYNAMIC HOMES INC <DYHM> 4TH QTR NET
| Shr profit 0.2 cts vs loss 2.2 cts
Net profit 2,900 vs loss 43,500
Sales 1,660,000 vs 950,000
Year
Shr loss 30 cts vs loss 37 cts
Net loss 578,900 vs 713,300
Sales 5,112,100 vs 3,659,600
| Financial Reports |
SAFEGUARD SCIENTIFIC <SFE> UNIT BUYS SUBSIDIARY
| Safeguard Scientific Inc
said its subsidiary, Coherent Communications Systems Corp,
purchased a telecommunications equipment business for an
undisclosed amount of cash, notes and Coherent common stock.
Safeguard said it bought the business unit from Comsat
TeleSystems Inc, a subsidiary of Communications... | Corporate News |
PATRICK PETROLEUM <PPC> TO BUY BAYOU
| Patrick Petroleum Co said it
signed a definitive agreement to buy Bayou Resources Inc.
As previously announced, the transaction is valued at about
8.8 mln dlrs, including 2.8 mln dlrs in debt.
Under the agreement, Patrick will pay six dlrs per share
for each Bayou share, with additional value being ... | Other |
WESTWORLD COMMUNITY HEALTH <WCHI> 4TH QTR LOSS
| Shr loss 15.23 dlrs vs profit 12 cts
Net loss 124,634,000 vs profit 882,000
Revs 38.4 mln vs 41.0 mln
Year
Shr loss 15.46 dlrs vs profit 48 cts
Net loss 126,434,000 vs profit 3,555,000
Revs 187.0 mln vs 133.2 mln
Avg shrs 8,177,000 vs 7,450,000
Note: Current year result... | Commodities and Trade |
NYMEX TO SUBMIT PROPANE PROPOSAL TO CFTC
| The New York Mercantile Exchange expects
to submit a propane futures contract for federal regulatory
approval within a few days, according to an exchange
spokeswoman.
As previously announced, the Board of Governors of the
exchange approved the contract last month. The exchange will
now submit the cont... | Financial Reports |
KINGS ROAD ENTERTAINMENT INC <KREN> 3RD QTR NET
| Shr loss seven cts vs loss 64 cts
Net loss 367,000 vs 3,009,000
Revs 2,516,000 vs 8,787,000
Avg shrs 4,941,000 vs 4,714,000
Nine mths
Shr loss 73 cts vs loss 1.17 dlrs
Net loss 3,545,000 vs loss 4,573,000
Revs 6,788,000 vs 13.3 mln
Avg shrs 4,856,000 vs 3,908,000
... | Financial Reports |
PAYCHEX INC <PAYX> 3RD QTR FEB 28 NET
| Shr 13 cts vs 10 cts
Net 1,109,000 vs 875,000
Revs 16.6 mln vs 13.2 mln
Nine mths
Shr 44 cts vs 33 cts
Net 3,770,000 vs 2,851,000
Revs 46.9 mln vs 36.9 mln
NOTE: Share adjusted for three-for-two stock split in June
1986.
| Financial Reports |
IC INDS <ICX> TO SELL CERTAIN ASSETS TO MLX
| IC Industries Inc said its Abex Corp
subsidiary agreed to sell its sintered friction materials
business in Italy to Troy, Michigan-based MLX Corp, for
undisclosed terms. Completion of the proposed transaction is
subject to approval by the Italian government, it said.
| Commodities and Trade |
RELIABLE LIFE INSURANCE CO <RLIFA> YEAR NET
| Shr 4.87 dlrs vs 2.21 dlrs
Net 14.6 mln vs 6,639,540
NOTE: 1986 net includes gain 2,578,887 dlrs from chjange in
accounting for pension plans and investment gaions of over
three mln dlrs.
| Financial Reports |
RAVEN INDUSTRIES INC <RAV> 4TH QTR JAN 31 NET
| Shr profit six cts vs loss nine cts
Net profit 101,000 vs loss 142,000
Sales 12.6 mln vs 8,736,000
Year
Shr profit 1.34 dlrs vs profit 1.02 dlrs
Net profit 2,122,000 vs profit 1,611,000
Sales 52.3 mln vs 41.9 mln
| Market and Economy |
HEMODYNAMICS INC <HMDY> YEAR LOSS
| Shr loss 24 cts vs loss 41 cts
Net loss 148,070 vs loss 251,225
Sales 1,298,257 vs 319,588
| Financial Reports |
DELOITTE HASKINS SELLS GETS STAKE IN COMPANY
| <Deloitte Haskins and Sells>, an
accounting and consulting firm, said it bought a stake in
<Holland Systems Corp>, a software and services company.
The company also said it set up a venture with Holland
Systems to develop and market an integrated line of information
management products and service... | Financial Reports |
FED EXPECTED TO SET CUSTOMER REPURCHASES
| The Federal Reserve is expected to
intervene in the government securities market to add temporary
reserves indirectly via 1.5 to 2.5 billion dlrs of customer
repurchase agreements, economists said.
They said that while the Fed has only a moderate add need
over the next few days, it will probably interve... | Financial Reports |
LIBERTY ALL-STAR EQUITY FUND INITIAL DIV
| Qtly div five cts vs N.A.
Payable April two
Record March 20
NOTE:1986 dividend includes special two cts per share for
the period beginning with the fund's commencement of operations
on Novebmer three through December 31, 1986.
| Commodities and Trade |
australian annual broad money supply growth 10.3 pct in January
|
australian annual broad money supply growth 10.3 pct in January
| Commodities and Trade |
MOTO PHOTO INC <MOTO> 4TH QTR NET
| Oper shr profit one ct vs loss six cts
Oper net profit 148,628 vs loss 249,192
Revs 3,772,639 vs 1,101,633
Avg shrs 5,235,233 vs 4,371,795
Year
Oper shr loss 10 cts vs loss 19 cts
Oper net profit 5,760 vs loss 788,042
Revs 9,899,038 vs 3,819,678
Avg shrs 4,837,361 vs 4,... | Commodities and Trade |
U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
|
U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
| Financial Reports |
GREECE SEEKING EC SUGAR NEXT MONTH AT TENDER
| Greece will hold a buying tender on
April 8, for reply by April 10, for 40,000 tonnes of white
sugar from EC member countries, for delivery in four equal
tranches in May, June, July and August, traders said.
| Financial Reports |
ZINC PRODUCERS APPROACH EC ON VOLUNTARY CLOSURES
| A number of individual zinc producing
companies have approached the European Commission to sound out
its reaction to a possible industry plan for a voluntary
reduction of smelting capacity, Commission sources said.
The companies have been told that the Commission could not
judge whether a plan would be ... | Commodities and Trade |
CURRENCIES BETTER REFLECT FUNDAMENTALS - BAKER
| Treasury Secertary James Baker said
currencies were now within ranges that better reflected
economic fundamentals.
In a speech to the annual meeting of the Inter-American
Development Bank, he said, "Excchange have moved into ranges
that better reflect economic fundamentals."
He noted that in parti... | Financial Reports |
TONKA <TKA> SEES LOWER FISCAL FIRST QUARTER NET
| Tonka Corp said it expects
results for its fiscal first quarter to end April four, to
decline from the record earnings of 3.8 mln dlrs or 57 cts a
share and revenues of 53.2 mln dlrs.
The toy manufacturer attributed its anticipated lower
financial results to an an expected moderate decline in
shipment... | Commodities and Trade |
CHILD WORLD INC <CWLD> 4TH QTR JAN 31 NET
| Shr 1.34 dlrs vs 1.09 dlrs
Net 15.4 mln vs 12.6 mln
Sales 323.6 mln vs 240.2 mln
Avg shrs 11.5 mln vs 11.5 mln
Year
Shr 95 cts vs 91 cts
Net 10.9 mln vs 9,368,000
Sales 628.8 mln vs 513.1 mln
Avg shrs 11.5 mln vs 10.3 mln
NOTE: Latest year net cut on mln dlrs by i... | Corporate News |
BAYERNVEREIN EXPECTS UNCHANGED DIVIDEND FOR 1987
| Bayerische Vereinsbank AG <BVMG.F>
expects to pay an unchanged dividend of 13 marks on 1987
earnings but profits will only barely reach last year's record
levels, management board spokesman Maximilian Hackl said.
He told the annual news conference that possible credit
risks, especially those associat... | Market and Economy |
DYNAMIC HOMES INC <DYHM> 4TH QTR NET
| Shr nil vs loss two cts
Net profit 2,900 vs loss 43,500
Revs 1,660,300 vs 950,000
12 mths
Shr loss 30 cts vs loss 37 cts
Net loss 578,900 vs loss 713,300
Revs 5,112,100 vs 3,659,600
| Financial Reports |
<CANADA LEASE FINANCING LTD> 3RD QTR DEC 31 NET
| Shr 30 cts vs 12 cts
Net 727,000 vs 266,000
Revs 27.8 mln vs 21.1 mln
Nine mths
Shr 59 cts vs 48 cts
Net 1,355,000 vs 1,098,000
Revs 69.4 mln vs 59.1 mln
| Corporate News |
ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE
| Graan Elevator Mij (GEM) said its
balance in port of grains, oilseeds and derivatives rose to
70,000 tonnes on March 21 compared with 10,000 a week earlier
after arrivals of 192,000 tonnes and discharges of 132,000
tonnes last week.
The balance comprised 25,000 tonnes of grains plus oilseeds
and 45,00... | Financial Reports |
PUBLIC SERVICE N.C. <PSNC> RAISES PAYOUT
| Public Service Co of North
Carolina Inc said its board raised the quarterly dividend to 23
cts per share from 22-1/2 cts previously, as adjusted for a
two-for-one stock split that takes effect April 27.
The dividend is payable July One to holders of record June
16.
The company also said it plans t... | Financial Reports |
WICKES <WIX> PLANS REVERSE SPLIT, CALLS DEBT
| Wickes Cos Inc said its
board authorized a one-for-five reverse stock split and plans
to call the company's its 12 pct senior subordianted debentures
due 1994.
The company said it will seek shareholder approval of the
reverse stock split at the annual shareholders meeting
scheduled for June 18.
... | Other |
ICCO PUTS 1986/87 WORLD COCOA SURPLUS 94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
|
ICCO PUTS 1986/87 WORLD COCOA SURPLUS 94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
| Financial Reports |
INVESTOR ACQUIRES 9.9 PCT OF MUNFORD <MFD>
| A joint venture controlled by Dallas
investor Bradbury Dyer said it had acquired 377,000 shares, or
9.9 pct, of the common stock of Munford Inc.
In a filing with the Securities and Exchange Commission,
the concern, which comprises Paragon Associates and Paragon
Associates II, said it bought the stake fo... | Financial Reports |
YEUTTER BLASTS PROPOSED EC OILS AND FATS TAX
| U.S. trade representative Clayton
Yeutter today said that if the European Community's Council of
Ministers approves a tax on vegetable oils and fats, another
major transatlantic trade row will erupt over agriculture.
In a statement issued by the trade representative's office
following a speech to the Am... | Financial Reports |
BP <BP> UNIT TO BUILD GOLD EXTRACTION PLANT
| Amselco Minerals Inc, a unit of British
Petroleum Co PLC, said it approved construction of a new plant
with Nerco Minerals Co to process carbon ore to recover
microscopic gold reserves.
The plant, to be located at the Alligator Ridge Mine near
Ely, Nev., will process 1,000 tons a day of carbon-bearing o... | Other |
MOTO PHOTO <MOTO> SEES BETTER 1ST QUARTER 1987
| Moto Photo Inc president, Michael
Adler, said he expects the company's first quarter earnings for
fiscal 1987 to be better than the same quarter a year ago.
Adler said, however, that the quarter would still be a
loss, primarily because it is the low season for the imaging
business.
Photo Moto rec... | Financial Reports |
CANADA SOUTHERN PETROLEUM LTD<CSW> 2ND QTR LOSS
| Qtr ends Dec 31
Shr loss one ct vs profit two cts
Net loss 52,922 vs profit 220,041
Revs 481,832 vs 824,554
Six mths
Shr loss one ct vs profit four cts
Net loss 104,129 vs profit 345,515
Revs 934,685 vs 1,465,153
| Corporate News |
RECOTON CORP <RCOT> 4TH QTR LOSS
| Shr loss 14 cts vs profit 26 cts
Net loss 384,000 vs profit 714,000
Revs 8,367,000 vs 9,909,000
Year
Shr profit 19 cts vs profit 57 cts
Net profit 518,000 vs profit 1,547,000
Revs 28.7 mln vs 26.7 mln
NOTE: Includes income tax credits of 302,000 dlrs and 1.3
mln dlrs in 198... | Financial Reports |
SANFORD CORP <SANF> 1ST QTR FEB 28 NET
| Shr 28 cts vs 13 cts
Net 1,898,000 vs 892,000
Sales 16.8 mln vs 15.3 mln
| Financial Reports |
<CANADA SOUTHERN PETROLEUM LTD> 2ND QTR LOSS
| Period ended December 31, 1986
Shr loss one ct vs profit two cts
Net loss 52,922 vs profit 220,041
Revs 481,832 vs 824,554
Six mths
Shr loss one ct vs profit four cts
Net loss 104,129 vs profit 345,515
Revs 937,685 vs 1,460,000
| Financial Reports |
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